Romspen US Mortgage
Investment Fund
- Performance rooted in a disciplined approach, rigorous underwriting standards, and decades of experience
- Invest and receive consistent cash distributions in US Dollars. No U.S tax filing required
- The Fund’s investments are secured by commercial real estate, including land, retail, industrial, office, and multi-family residential properties in the U.S only
- The Fund seeks compelling opportunities that are often overlooked by traditional institutional lenders
- Redemption requests are currently higher than historical levels
Romspen US Mortgage Investment Fund is available to qualified investors and Fundserv
Romspen US Mortgage
Investment Fund (USD)
June 30, 2024
- Master Fund Portfolio Size$582 Million
- # of Mortgages39
- RUSMIF Return7.6%
- Net Asset Value Per Unit$10.00
Return is calculated on a cash-on-cash basis, net of fees, and assumes a monthly reinvestment of distributions. It does not take into account income taxes, changes in unit values, third-party expenses or redemption charges.
RUSMIF Portfolio Allocation
June 30, 2024
By Geography
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Tennessee
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Nevada
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Washington
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Hawaii
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New York
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Utah
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Florida
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Texas
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Virginia
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Other US
By Amount
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Over $80 million
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$40-$60 million
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$20-$40 million
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Under $20 million
By Type
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Leisure & Entertainment
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Industrial
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Retail
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Condominium
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Residential
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Mixed Use
By Maturity
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1-2 years
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Under 1 year
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Over 2 years
Performance Overview
December 31, 2023
Net Distribution %
Scroll| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Return | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 0.72 | 0.66 | 0.57 | 0.62 | 0.65 | 0.63 | 0.62 | 0.64 | 0.61 | 0.62 | 0.62 | 0.62 | 7.8%(1) |
| 2022 | 0.73 | 0.75 | 0.75 | 0.76 | 0.74 | 0.85 | 0.71 | 0.74 | 0.73 | 0.74 | 0.81 | 0.70 | 9.4% |
| 2021 | 0.76 | 0.65 | 0.72 | 0.70 | 0.69 | 0.68 | 0.70 | 0.73 | 0.76 | 0.77 | 0.68 | 0.73 | 8.9% |
| 2020 | 0.76 | 0.76 | 0.39 | 0.38 | 0.58 | 0.57 | 0.57 | 0.57 | 0.57 | 0.57 | 0.58 | 1.67 | 8.3% |
| 2019 | 0.72 | 0.67 | 0.68 | 0.67 | 0.70 | 0.69 | 0.70 | 0.69 | 0.70 | 0.72 | 0.77 | 0.73 | 8.8% |
| 2018 | 0.33 | 0.76 | 0.78 | 0.71 | 0.71 | 0.70 | 0.66 | 8.3% |
(1)-Trailing 12-month compounded net return. Return is calculated on a cash-on-cash basis, net of fees, and assumes a monthly reinvestment of distributions. It does not take into account income taxes, changes in unit values, third-party expenses or redemption charges.
Trailing 12-Month Comparative Performance
December 31, 2023
Results shown are for the Romspen US Mortgage Investment Fund (the “Fund”), and are best efforts estimates, subject to confirmation at quarter end. The Fund is one of a number of feeder funds of the Master Fund in a master-feeder structure, and will have certain additional administrative fees and expenses, which will cause the Fund’s net return to be lower than those of the Master Fund. Calculations of compound net return are net of Fund fees and expenses, assume monthly reinvestment of distributions, and accounted for NAV fluctuations.
- Manager Romspen Investment Corporation
- Structure Limited Partnership
- FundSERV Symbol RIC200
- Minimum Investment USD 50,000 (Dealer); USD 150,000 (Direct)
- Purchases Monthly on the 1st business day
- Distributions Monthly on the 20th of the month
- Redemption Monthly on the 20th of the month with 30 days’ notice (Redemptions are currently being deferred)
- Registered Plans Not eligible
- Eligibility “Accredited Investor” or other applicable prospectus exemption
- Fees 1.25%
- Early Redemption Fee 4% within first year, no fee thereafter
- Fund Administrator SS&C Technologies Inc.
- Fund Auditor KPMG LLP
- Legal Counsel Morgan, Lewis & Bockius LLP; Gardiner Roberts LLP
